Ivanhoe Energy today announced that Ivanhoe's Specific Services Contract on Block 20 in Ecuador is being terminated by mutual consent between Ivanhoe and Petroamazonas EP, Ecuador's state-run oil company. As first announced in August 2014, Ivanhoe and Petroamazonas agreed to a process to mutually terminate the Specific Services Contract under which [...]
VANCOUVER, Jan. 28, 2015 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) today announced that the company continues to be actively engaged in discussions with various stakeholders to recapitalize the company. Strategic and financial alternatives under consideration are focused on relieving the financial burden of the company's [...]
QUITO, Ecuador, Jan. 21, 2015 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) announced today that the company is scaling back its activities in Ecuador in response to significantly lower oil prices and a delay in discussions with Ivanhoe's partner on moving ahead with development plans for Ivanhoe's Block 20 heavy-oil project [...]
Ivanhoe Energ announced the resignation of Robert Pirraglia from the company's Board of Directors, effective January 18, 2015. Mr. Pirraglia has served as a director of the company since April 2005. The directors and the management of the company thank Mr. Pirraglia for his valuable contributions to the company and wish him well in his future [...]
Ivanhoe Energy announced that on January 13, 2015, the company received a letter from the Listing Qualifications Department of the NASDAQ Stock Market (Nasdaq) notifying the company that the minimum bid price per share for its common stock was below $1.00 for a period of 30 consecutive business days and that the company did not meet the minimum bid [...]
Ivanhoe Energy announced today that the company's working capital has been augmented by a further US$540,000 provided by founder Robert Friedland. The new funds are in addition to the US$2.2 million (approximately C$2.4 million) secured bridge loan provided by Mr. Friedland in October 2014, details of which are contained in Ivanhoe Energy's October [...]
Ivanhoe Energy announced the resignation of Peter G. Meredith from the company's Board of Directors, effective today. Mr. Meredith has served as a director of the company since December, 2007 and also from 1996 to 1999. The directors and the management of the company thank Mr. Meredith for his hard work, dedication and contribution over the many [...]
Ivanhoe Energy announced today that the company's Board of Directors has been engaged in a process with its financial advisors to devise and implement a strategy to address Ivanhoe's liquidity, funding requirements and capital structure. Strategic and financial alternatives under consideration are focused on relieving the financial burden of the [...]
Ivanhoe Energy today announced the appointment of Randolph Thornton to the company's Board of Directors. Mr. Thornton is President and Chief Executive Officer of Comdisco Holding Company, Inc. He also is non-executive Chairman and a member of the board of both Core-Mark International and National Energy & Gas Transmission. He served as Managing [...]
Ivanhoe Energy today reported its financial results for the third quarter of 2014. Third Quarter Financial Summary Ivanhoe Energy filed its quarterly financial report on Form 10-Q with the U.S. Securities and Exchange Commission and its unaudited interim consolidated financial statements with the Canadian Securities Administrators for the quarter [...]
Ivanhoe Energy announced today that the company's working capital has been augmented by a US$2.2 million secured bridge loan provided by founder and Executive Co-Chairman, Robert Friedland. In addition, concurrent with the advancing of the bridge loan, Mr. Friedland also has resigned as the Executive Co-Chairman and as a director of the company [...]
Ivanhoe Energy today announced the appointment of Blair Vago as the company's Acting Vice President of Finance and Chief Financial Officer. Mr. Vago, Ivanhoe Energy's Divisional Controller in Ecuador, will assume the duties of Vice President of Finance and Chief Financial Officer (CFO) from Greg Phaneuf, whose resignation from the position takes [...]
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